PayPal stock jumps on Stripe takeover chatter as traders brace for next move
PayPal Holdings jumped almost 7% Tuesday, following a Bloomberg News story that private payments player Stripe is weighing an acquisition of PayPal—or at least some of its assets. Both PayPal and Stripe kept quiet on the chatter. Reuters said it couldn't confirm the Bloomberg report independently. Stripe, for its part, landed a $159 billion valuation in a tender offer this day, allowing staff and early backers to offload shares.
